HomeNewsFinancial Planning

  • RBA Rate Cut

    • 04/06/2019
    • Posted by: Nick Lucey
    • Category: Advice, ASX 200, Banking, Economics, Finance & accounting, Financial Planning, Legislation, Mortgage Broking, Purchasing Property
    No Comments

    Hi Everyone, I hope you are well on this day of great news! As you have probably seen or heard, today, the Reserve Bank of Australia cut the cash rate from 1.5% to 1.25%. This is the lowest it has ever been and the first change since August 2016. You can see the full statement

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  • July Update

    • 31/07/2018
    • Posted by: Nick Lucey
    • Category: ASX 200, Economics, Financial Planning, Purchasing Property
    No Comments

    July 2018 Update   Summary points   RBA kept rates on hold at 1.5% at its meeting this month. GDP Growth has averaged 2.5% over the last 5 years, which is slightly below estimates. Forecasts for GDP growth remain slightly above 3%. dwelling investment has gone from making a positive contribution to growth two years

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  • What Is A Financial Plan?

    • 04/06/2018
    • Posted by: Nick Lucey
    • Category: Advice, Budgeting, Financial Planning, Goals and Dreams, money, Money Smart, Saving, Tips & Tricks
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    Build your own financial plan

    Build Your Own Financial Plan Whatever your financial goals, it’s always a great idea to build your own financial plan as this can help you grow, manage and protect your wealth. Generally, a financial plan will assist you to: Summarise your financial position and goals Set out the strategies you’ll use to reach your goals

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  • Teach Your Kids To Be Smart With Money

    • 04/06/2018
    • Posted by: Nick Lucey
    • Category: Advice, Budgeting, Children, Financial Planning, Kids, money, Money Smart, Saving, Tips & Tricks
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    are your kids money smart

    Are Your Kids Money Smart? Children learn a lot from their parents when it comes to money – it’s time to arm yours for financial success! When it comes to money, your own behaviour and attitudes can strongly influence your kids. Help your kids to be money smart by demonstrating positive money habits and teaching

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  • Understanding Your Current Financial Position

    • 04/06/2018
    • Posted by: Nick Lucey
    • Category: Advice, Banking, Budgeting, Equity, Financial Planning, Forecasting, Investments, money, Mortgage Broking, Purchasing Property, Saving, Superannuation, Tips & Tricks
    No Comments
    doyouunderstandyourcurrentfinancialposition

    Do You Understand Your Current Financial Position? Most people don’t review their finances until its too late – but it’s never too early to conduct a review! The more you understand your current financial position, the better choices you will make when investing your money and the better the outcomes you will get. Learn More

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  • The Smart Way To Move In Together

    • 03/06/2018
    • Posted by: Nick Lucey
    • Category: Advice, Banking, Budgeting, Financial Planning, money, Tips & Tricks
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    Are You Ready To Take The Next Step? Moving in with your partner can be an exciting stage in your relationship, but there are a few financial considerations to think about to help you both get the most of your money and avoid problems down the track. How Will You Split The Expenses? You’ll need

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  • Can You Borrow To Invest In Property Through Your SMSF?

    • 03/06/2018
    • Posted by: Nick Lucey
    • Category: Financial Planning, Investments, loans, money, Mortgage Broking, SMSF, Superannuation
    No Comments

    Is It Possible To Borrow From Your SMSF To Invest? While borrowing through an SMSF to invest in property is possible, there are strict rules governing how the loan and subsequent property purchase must be structured when using borrowed money inside an SMSF. Borrowing through an SMSF to invest in property must be done under

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  • Where Does All My Money Go?

    • 01/06/2018
    • Posted by: Nick Lucey
    • Category: Advice, Budgeting, Financial Planning, money, Saving, Tips & Tricks
    No Comments

    Do You Keep Track Of Your Cash? A recent study has found a third of Australians are financially strained and some often struggle to make ends meet. It’s estimated that the average household in Australia spends about $1,425 a week on general household costs, but it’s not just big-ticket items, like rent (or mortgage), groceries

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  • RBA Leaves Rates on Hold

    • 01/05/2018
    • Posted by: Nick Lucey
    • Category: ASX 200, Economics, Financial Planning, International, Legislation, money
    No Comments

    I have summarised some key points from the RBA’s release and the whole statement can be found here. Key Points At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. In the United States,

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  • Should I pay off my mortgage or contribute more to super?

    • 16/04/2018
    • Posted by: Nick Lucey
    • Category: ASX 200, Economics, Finance & accounting, Financial Planning, Investments, loans, money, Mortgage Broking, Superannuation
    No Comments

    Whether super or your home loan is the best place for any spare money you might have will depend on your age, income, interest rates, returns and your personal circumstances. Both options have pros and cons—consider how these relate to you. Reducing your mortgage Focusing on repaying your home loan will reduce your overall amount of debt,

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